Over the past decade, industrial demand has steadily claimed a larger share of global silver mine production. This trend reflects silver’s expanding role in technology and manufacturing, especially in areas such as renewable energy and electronics.

The global silver market is experiencing a notable shift, driven largely by surging industrial demand—particularly from the green energy and electronics sectors. According to the report, total silver demand is expected to reach 1.148 billion ounces this year, while supply is forecast at just 1.030 billion ounces. This shortfall marks the fifth consecutive year of market deficit.

Data from the Silver Institute's World Silver Survey 2024 report shows that between 2015 and 2023, silver demand has shifted dramatically ac

According to a new report from the Silver Institute, the silver market is set to face a significant structural deficit for the fourth consec

By 2024, nearly one-fifth of global silver demand is expected to come from solar energy applications, surpassing the share driven by physica

This graphic, based on data from the Silver Institute's World Silver Survey 2024, illustrates the connection between changes in silver suppl

This graphic uses data from the Silver Institute's World Silver Survey 2024 to illustrate changes in silver demand across various sectors fr

This graphic highlights the correlation between the growth rate of solar PV electricity capacity additions, the demand for silver used in ph

In 2023, silver demand exceeded supply for the third consecutive year, despite a 30% drop in the market deficit to 184.3 Moz.